to invest compared to autarky. The investment levels remain inefficient though. With generation facilities over-investment … occurs sometimes, while systematic under-investment occurs for transportation facilities. Free-riding reduces the incentives … investment. …

The paper empirically examines the implementation record of international financial regulation of the banking sector … record is particularly strong in countries where large banking sectors and big banks are both present, and where regulation …

, pushing the private return below the social return. This induces substantial under-investment and causes output losses of up … to 22 percent. Value-added-based evidence from Swedish high school graduates also points to noise and under-investment …

's economy-wide investment patterns—with investment embodying technological progress—are largely divorced from industrial … policies, and, if anything, predate them. The significant shifts in investment across sectors and ownership forms that have … taken place since the early 2000s are driven more by profitability considerations and private entrepreneurship than by …

We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …

about the pass-through of monetary policy. On the one hand, negative rates could lead to declining bank profitability making …